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Sep 13, 2013
09/13
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len ramirez show >>> businesses is booming for many bay area realtors. palo alto is especially attractive to wealthy foreign buyers. len ramirez shows us their high- end house hunting experience comes complete with luxury limo service. >>> reporter: when it comes to selling real estate in palo alto it now pays to speak chinese. from shanghai to hong kong, interest in palo alto's priciest neighborhoods is soaring and that has real estate brokers doubling down on new ways to capitalize. here it's all aboard what could be a marketing master stroke mercedes-benzes style. he invested $100,000 into the luxury bus specifically to drive around and show properties to wealthy foreigners four and five families at a time. >> people who are used to the finer things in life so they are not going to want to go out in a cheap refurbished toolbox. >> reporter: the company takes reservations for weekend selling excursions to exclusive neighborhoods. >> it's about as prime as palo alto gets. >> reporter: where the buyers don't blink at the bottom line. >> $5 million range.
len ramirez show >>> businesses is booming for many bay area realtors. palo alto is especially attractive to wealthy foreign buyers. len ramirez shows us their high- end house hunting experience comes complete with luxury limo service. >>> reporter: when it comes to selling real estate in palo alto it now pays to speak chinese. from shanghai to hong kong, interest in palo alto's priciest neighborhoods is soaring and that has real estate brokers doubling down on new ways to...
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Sep 19, 2013
09/13
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CNBC
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now, realtors say they expect sales to drop from here. why? well, fewer distressed homes for sale, down to just 12% of sales in august, the lowest since they bow gan tra began tracking this. 17% of buyers and they had been far higher. and first-time homebuyers, realtors say that segment has collapsed. just 28% of buyers this august. they should be up in the 40 % range. what's holding them out? tight credit. rates are, of course, falling again. they had been up around 4.8% in the past few weeks. they dropped dramatically after bernanke tabled the taper. rates today, depends on your lender, but 4.25% is once again a viable rate, but you would have to likely pay points. the range now is 4.37% to 4.5% in general if you want to point and you're a good credit risk with a large down payment. costs might be higher for the rate and all of this is from "mortgage news daily." what about rates going forward? don't expect them to fall much more dramatically. don't expect them to rise much more dramatically. experts say they should stay right about where th
now, realtors say they expect sales to drop from here. why? well, fewer distressed homes for sale, down to just 12% of sales in august, the lowest since they bow gan tra began tracking this. 17% of buyers and they had been far higher. and first-time homebuyers, realtors say that segment has collapsed. just 28% of buyers this august. they should be up in the 40 % range. what's holding them out? tight credit. rates are, of course, falling again. they had been up around 4.8% in the past few weeks....
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Sep 19, 2013
09/13
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the realtors group says retire traffic dropped off significantly in august meaning sales could slow down in the months ahead. tesla is going on auto pilot, elon musk says the company is looking for a automated car in three years. >>> senate hearings have begun for caroline kennedy, president obama's nominee for the necessary ambassador to japan. she wants to carry on her father always legacy of public service. >> this appointment has a special significance as we commemorate the 50th anniversary of my freart's presidency. i'm are conscious to uphold the older that he committed. a more peaceful world. as a world war ii veterans who served in the pacific he had hoped to be the first sitting president to make a state visit to japan. if confirmed as ambassador i would be humbled to carry forward his legacy in a small way and represent the powerful bonds that unite our two democratic societies. i can think of no other country that i would like to serve than japan. >> caroline kennedy would be the first woman to hold that post if confirmed. >>> a big archaeological find, a historically signific
the realtors group says retire traffic dropped off significantly in august meaning sales could slow down in the months ahead. tesla is going on auto pilot, elon musk says the company is looking for a automated car in three years. >>> senate hearings have begun for caroline kennedy, president obama's nominee for the necessary ambassador to japan. she wants to carry on her father always legacy of public service. >> this appointment has a special significance as we commemorate the...
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Sep 11, 2013
09/13
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KTVU
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it's a unique idea but it has critics including the national association of realtors and several banks. opponents say using eminent domain in this way would hurt richmond's credit rating. there it is not an option to stand on the sidelines waiting for the next wave of foreclosures. that is the risk that is really confronting us. >> reporter: that is richmond mayor gail who has been leading the charge to take over 600 or so mortgages in the city. she says it's something that has to be done. their first option would be to buy under water portages at banks. but eminent dewas tough if a judge will be holing a hour -- a hearing on that lawsuit will be held tomorrow in san francisco. live in richmond alex savidge is ktvu channel 2 news. >>> a bill that would improve the safety of limousines is returning to full state senate for approval. the bill is a result of the limo fire an the san mateo bridge in may. it requires limb moes that -- limos that carry -- the bill passed the assembly yesterday. it's not clear when the senate will vote though. >>> one-half of the bay bridge could get a name c
it's a unique idea but it has critics including the national association of realtors and several banks. opponents say using eminent domain in this way would hurt richmond's credit rating. there it is not an option to stand on the sidelines waiting for the next wave of foreclosures. that is the risk that is really confronting us. >> reporter: that is richmond mayor gail who has been leading the charge to take over 600 or so mortgages in the city. she says it's something that has to be...
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Sep 14, 2013
09/13
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FOXNEWS
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they have both parties in congress, it's hard for them to resist the home builders, the realtors, the mortgage brokers, the panoply of lobbyists. >> they're strong. it is shocking to think five years later the government is standing behind more of the mortgage market. >> is that 90%? >> of the market. >> remember, the only government could create a problem like 2008 where normally there is a pricing mechanism. there is a diversity investments. investors, sure, they're prone to irrational exuberance, but there is a lot of options in the market. government says housing, housing, housing, incentives for individuals, for investment banks, for everyone for the get into this market. that's one of the reasons the price was so difficult to deal with. >> the biggest reform was dodd-frank, it was operated on the premise that the regulators who missed the last crisis, not to mention all previous crises will be so much smarter with new power that they'll predict the next one. that's the premise. >> yeah. >> they have more power. >> yep. >> but is it likely to happen? >> i don't think it's likely
they have both parties in congress, it's hard for them to resist the home builders, the realtors, the mortgage brokers, the panoply of lobbyists. >> they're strong. it is shocking to think five years later the government is standing behind more of the mortgage market. >> is that 90%? >> of the market. >> remember, the only government could create a problem like 2008 where normally there is a pricing mechanism. there is a diversity investments. investors, sure, they're...
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Sep 11, 2013
09/13
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not surprisingly constructed by realtors. it's been plummeting lately and the affordability has plummeted below its long-term trend line. the only other time it's done that for months on end, was during the last housing bubble beginning in 2004. that was the indication that be w he were in a bubble then. once again it's an indication we're in a bubble. >> susan, you disagree. tell me why given what john just cited. >> well the plunge is very interesting. how fast that affordability has declined. but still, 60% of -- we have more, the average family has more than 60% of the income they need to buy the median house. >> okay. hold that thought, susan. >> right. well that's definitely true. >> john. >> sorry. >> i have to go to rick santelli. this will involve the housing market because we have the ten-year auction today. what does it look like? >> holy cow. auction gets an a-plus. 21 billion reopened. nine year 11 month we auctioned the series last month. the yield 2.946. well below the market of 297 offered at 296.5. the bid to
not surprisingly constructed by realtors. it's been plummeting lately and the affordability has plummeted below its long-term trend line. the only other time it's done that for months on end, was during the last housing bubble beginning in 2004. that was the indication that be w he were in a bubble then. once again it's an indication we're in a bubble. >> susan, you disagree. tell me why given what john just cited. >> well the plunge is very interesting. how fast that affordability...
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Sep 12, 2013
09/13
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buyers, their realtor has to shuttle them around.. by bu that story and >>> the bay area lousing market is booming but in one spot there are -- housing market is booming but in one spot there are so many they have to be shuttled around by bus. >>> uc-davis reasons developed what they call chemical fingerprints for 60 american whiskeys. the technology reflects the differences in combinations of grains. the barrels, aging and other factors that make each whiskey unique. the goal, to detect counterfeit and fraud to save buyers and sellers a lot of money. . >> college students signing up left and right. >> have a great afternoon, everyone. captions by: caption colorado comments@captioncolorado.com >> hope: [ chuckling ] you did not just say that. >> wyatt: didn't it? >> hope: i mean, you're joking, of course. >> wyatt: mm. hmm? >> hope: oh, my god. stop it. s-stop it. >> wyatt: stop what? >> hope: this thing -- this game that you're playing with me. >> wyatt: i am -- i am not playing games. when you wear this dress, i plan on being the gu
buyers, their realtor has to shuttle them around.. by bu that story and >>> the bay area lousing market is booming but in one spot there are -- housing market is booming but in one spot there are so many they have to be shuttled around by bus. >>> uc-davis reasons developed what they call chemical fingerprints for 60 american whiskeys. the technology reflects the differences in combinations of grains. the barrels, aging and other factors that make each whiskey unique. the...
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Sep 19, 2013
09/13
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KGO
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the national association of realtors says sales of prefusly occupied homes rose 1.7% last month. experts say many buyers rushing to close deals before interest rates climbed but yesterday's decision by the feds to continue its policy may keep those rates low for noe now. >> get ready to enter the tube. a new simulation determined the hyper loop transportation system could work. musk is the founder ofesla motors and space x, unveiled the concept last month. an elevated tube that could shoot passengers from san francisco to l.a., in just 30 minutes. musk vowed to build a prototype that could take years, now, the company ansis has made a virtual version of the hyper loop and they say the design is feesible and just needs a few tweaks and probably a -- $50 billion? >> right. >> it does seem cooler than high speed rail. >> another big debut for april jell a pay day for nokia's ceo. >> good afternoon. you were just talking about the new iphones apple's big ios 7 update is getting strong reviews. as you've been reporting that is a big win for apple on the eve of the release of the iphon
the national association of realtors says sales of prefusly occupied homes rose 1.7% last month. experts say many buyers rushing to close deals before interest rates climbed but yesterday's decision by the feds to continue its policy may keep those rates low for noe now. >> get ready to enter the tube. a new simulation determined the hyper loop transportation system could work. musk is the founder ofesla motors and space x, unveiled the concept last month. an elevated tube that could...
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Sep 15, 2013
09/13
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FOXNEWS
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tentacles on both parties in congress and that's very hard for them to exist, the home builders, the realtors, the mortgage brokers, the whole panoply. >> they're very strong. it is shocking to think five years later, the government is actually standing behind more of the mortgage market, after that -- >> what, about 90%. >> about 90% of all new mortgages. and you remember, only government could really create a problem like 2008, where normally there's a pricing mechanism. a diversity of investments. investors, sure, they're prone to irrational exuberance, but there's a lot of options in the market. it's only when government says, housing, housing, housing, for individuals, for investment banks, for everyone to get into this market. and that's one of the reasons the crisis was so difficult to deal with. >> the big reform was dodd/frank. it operated on the premise that the regulators who missed the last crisis, not to mention all previous crisis, will be so much smarter with new power that they'll predict the next one. that's the premise. it's -- and they have more power. but likely to happen?
tentacles on both parties in congress and that's very hard for them to exist, the home builders, the realtors, the mortgage brokers, the whole panoply. >> they're very strong. it is shocking to think five years later, the government is actually standing behind more of the mortgage market, after that -- >> what, about 90%. >> about 90% of all new mortgages. and you remember, only government could really create a problem like 2008, where normally there's a pricing mechanism. a...
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Sep 29, 2013
09/13
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groups, theess realtors, for instance, endorsed terry mcauliffe, and republicans in other places. that is tipping things some to terry mcauliffe, and it is all about turnout, and ken cuccinelli's people are passionate. >> virginia has voted more like the national outcome in the last two elections than any of the other 50 states. is this significant? >> i am not sure this will be determined on policy because there is a heavy shadowing of technical issues. when terry mcauliffe looks slightly cleaner, you know you have a bizarre election. i think it is individualized and idiosyncratic. >> the guy kicking himself is the lieutenant governor who is a genuine republican centrist and could have attracted a lot of democratic votes. >> when our side wins, it is a national trend, when the other side wins, it is all because of local issues. >> exactly. [laughter] >> that is it for this week. tune in next week for "inside washington." ♪ ♪ x welcome from brussels. in the next half-hour we will be looking at what is going on in the lives of europeans. here's a selection of what we have for y
groups, theess realtors, for instance, endorsed terry mcauliffe, and republicans in other places. that is tipping things some to terry mcauliffe, and it is all about turnout, and ken cuccinelli's people are passionate. >> virginia has voted more like the national outcome in the last two elections than any of the other 50 states. is this significant? >> i am not sure this will be determined on policy because there is a heavy shadowing of technical issues. when terry mcauliffe looks...
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university newspaper behind the locked door years we're going to use their days in a warm his day when their realtor finally opened the door what they found shocked everyone a bedroom that someone else had been living it you know what they used to be kidding me. well the unwelcome guest wasn't from the spirit world turns out he was just another student at the university looking for cheap rent he got a key to the house from his cousin who lived there the year before and with a bathroom and sink in the basement get access to everything he needed the secret resident was of course less frightening than a poltergeist but needless to say the students were pretty freaked out that it took a month to find out about the stranger in the basement and they are now considering a lawsuit against the leasing company. with many americans drinking sugary drinks it's been one of the leading causes of obesity here in the u.s. so you'd think account campaign that simply suggest that we drink more water instead would be well received but that may not be the case in certain media circles for more on that the residents lor
university newspaper behind the locked door years we're going to use their days in a warm his day when their realtor finally opened the door what they found shocked everyone a bedroom that someone else had been living it you know what they used to be kidding me. well the unwelcome guest wasn't from the spirit world turns out he was just another student at the university looking for cheap rent he got a key to the house from his cousin who lived there the year before and with a bathroom and sink...
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Sep 20, 2013
09/13
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the national association of realtors said that's 13% higher than a year ago and the highest level in more than six years. the average price for a single-family home is now $212,000, 14% higher than a year ago. >>> falling mortgage rates could help push those sales. the average 30-year loan has fallen to 4.5% and more homeowners are making their mortgage payments on time. the credit reporting agency transunion says the late payment rate in 2009 was almost 4% but last year it improved to just under 2%. >>> and more women are joining the work force, but they're getting low paying jobs like waitresses, in-home health care, and housekeeping. according to a study by the national women's law center from 2009 to 2012, 60% of women got jobs that paid $10 an hour or less. anne-marie? >> good news, a little not so good news. >> exactly. >> wendy gillette here in new york. thanks very much, wendy. >>> straight ahead, your friday morning weather. and in sports some brotherly love as andy reid makes his return to philadelphia. aw this is tragic man, investors just like you could lose tens of thous
the national association of realtors said that's 13% higher than a year ago and the highest level in more than six years. the average price for a single-family home is now $212,000, 14% higher than a year ago. >>> falling mortgage rates could help push those sales. the average 30-year loan has fallen to 4.5% and more homeowners are making their mortgage payments on time. the credit reporting agency transunion says the late payment rate in 2009 was almost 4% but last year it improved to...
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university newspaper behind the locked door you're simply a go is that davies an alarm system when there realtor finally opened the door what they found shocked everyone a bedroom that someone else had been living it you know what like to be kidding me that. while the unwelcome guest wasn't from the spirit world turns out he was just another student at the university looking for cheap rent he got a key to the house from his cousin who lived there the year before and with a bathroom and sink in the basement he had access to everything he needed the secret resident was of course less frightening than a poltergeist but needless to say the students were pretty freaked out that it took a month to find out about the stranger living in the basement and they are now considering a lawsuit against the leasing company while that does it for now for more on the stories we covered today go to youtube dot com slash r t america and check out our website at r t dot com slash you say you can also follow me on twitter adam you're a day that see you right back here at eight. dramas that can't be ignored to the. st
university newspaper behind the locked door you're simply a go is that davies an alarm system when there realtor finally opened the door what they found shocked everyone a bedroom that someone else had been living it you know what like to be kidding me that. while the unwelcome guest wasn't from the spirit world turns out he was just another student at the university looking for cheap rent he got a key to the house from his cousin who lived there the year before and with a bathroom and sink in...
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Sep 11, 2013
09/13
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this unique idea does have its critics including the national association of realtors and a number of large banks but richmond mayor gail who has been leading this charge to take over about 600 mortgages says this will hopefully keep people in their homes. the city has to do something to slow foreclosures. >> we are going to stand up to wall street and for our community. >> reporter: but there are some on the city council that worry using eminent domain in this way would cause credit to dry up in richmond. ultimately hurting homeowners. before the city tries to seize any of those under water properties, there are legal issues that have to be settled. several large banks have filed a lawsuit trying to block this plan. and a federal judge will hold a hearing on that suit tomorrow in san francisco. under this mortgage plan richmond would set up a coalition of cities interested in hoping to rescue struggling homeowners. the mayor believes there are a lot of other cities that would potentially follow suit. live in richmond alex savidge ktvu channel 2 news. >>> it's 6:44. we are going to go
this unique idea does have its critics including the national association of realtors and a number of large banks but richmond mayor gail who has been leading this charge to take over about 600 mortgages says this will hopefully keep people in their homes. the city has to do something to slow foreclosures. >> we are going to stand up to wall street and for our community. >> reporter: but there are some on the city council that worry using eminent domain in this way would cause...
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Sep 11, 2013
09/13
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KTVU
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this unique idea though has its critics including the national association of realtors and a number of large banks. there are even some on the city council who worry using eminent domain in this way would cause credit to dry up here in richmond. ultimately hurting homeowners. >> as long as this city has the potential eminent domain, we're not going to get financial institutions willing to lend us any money. >> reporter: but richmond mayor gail says the city has to do something to slow foreclosures and she's been leading the charge to take over 600 mortgages. before the city tries to seize any of those properties there is a lot of legal issues that still have to be settled. several large banks have filed a lawsuit trying to block this controversial plan and a federal judge will hold a hearing on that suit tomorrow in san francisco. live this morning in richmond alex savidge ktvu channel 2 news. >>> there is good news from the fire lines this morning. firefighters now say that huge wild fire that started near clayton on sunday afternoon is 60% contained. and cal fire has lifted the evacu
this unique idea though has its critics including the national association of realtors and a number of large banks. there are even some on the city council who worry using eminent domain in this way would cause credit to dry up here in richmond. ultimately hurting homeowners. >> as long as this city has the potential eminent domain, we're not going to get financial institutions willing to lend us any money. >> reporter: but richmond mayor gail says the city has to do something to...
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Sep 19, 2013
09/13
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interesting, though, the realtors say that rates will not help the housing recovery going into fall. they say that august was, in fact, the last hurrah. why? sales were up 1.7%, but they say that this was buyers jumping off the fence, buying a home, because they were afraid of rising rates. where will rates go from here? well, the answer, to be determined, of course. we know they could go a little bit lower for now. but they will likely start rising again, especially as we head towards that next important jobs report. maria? >> diana, thanks very much. more reaction right now with fred glick, president of u.s. loens mortgage and real estate agent and mortgage broker. david licken, managing partner with mortgage banking solutions. gentlemen, good to see you. david, is the decline in rates after the fed decided not to taper going to be enough motivation to get those buyers back into the market? what do you think? is that enough? >> it should be. you look at where rates -- a lot of people were procrastinating and not taking advantage of the lower rates. this is their opportunity. i thin
interesting, though, the realtors say that rates will not help the housing recovery going into fall. they say that august was, in fact, the last hurrah. why? sales were up 1.7%, but they say that this was buyers jumping off the fence, buying a home, because they were afraid of rising rates. where will rates go from here? well, the answer, to be determined, of course. we know they could go a little bit lower for now. but they will likely start rising again, especially as we head towards that...
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Sep 20, 2013
09/13
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he is part of a campaign, funded by the california association of realtors, to stop the plan. wright says lending institutions have no legal obligation to negotiate with homeowners, and he fears they will no longer want to do business in richmond. >> if a lender wants to renegotiate, that's between the lender and the borrower. it's not for a municipality such as the city of richmond to become an interloper into someone else's agreement, utilizing strong arm tactics such as eminent domain to force them to have to renegotiate an agreement. >> reporter: wright also believes homeowners, many of whom claim predatory lending forced them into bad mortgages, bear the burden of responsibility, not the banks. >> in my 34 years with the real estate business, at no point in time have i ever seen anyone strapped to a chair, burned with cigarettes, pistol whipped, forced to sign a loan agreement. >> reporter: while emotions are running high in richmond, there's an even bigger battle underway between the city, supporters of the city's plan, and wall street. >> do i believe that wall street i
he is part of a campaign, funded by the california association of realtors, to stop the plan. wright says lending institutions have no legal obligation to negotiate with homeowners, and he fears they will no longer want to do business in richmond. >> if a lender wants to renegotiate, that's between the lender and the borrower. it's not for a municipality such as the city of richmond to become an interloper into someone else's agreement, utilizing strong arm tactics such as eminent domain...
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Sep 8, 2013
09/13
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. >> the san francisco realtor john scott says if you like the open air space, you can own the air raids if you're willing to pay, which is apparently happening in the northwest. >> you are looking at a wall. i think it would really impact us tremendously. >> two of the seattle property owners love their neighbor's home for $600,000. then they dropped the price and sold for $500,000 just so they could legally keep the air rights to it and prevent any new owner from building up and blocking their view. >> it's doable if you know about it, but i think people are going to late. the view is gone. >> the reason they say they are building up in seattle is because i've got no more room to spread out. san francisco is certainly the same situation. >> here in san francisco the view and any expectation of one was an issue with one south tower. >> imagine if you paid a million and half for a condo only to find out later that there's a second tower going up right next door. >> and right in front of that spectacular view out your living room window. >> they had to warn them about the view would be re
. >> the san francisco realtor john scott says if you like the open air space, you can own the air raids if you're willing to pay, which is apparently happening in the northwest. >> you are looking at a wall. i think it would really impact us tremendously. >> two of the seattle property owners love their neighbor's home for $600,000. then they dropped the price and sold for $500,000 just so they could legally keep the air rights to it and prevent any new owner from building up...
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Sep 17, 2013
09/13
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CNNW
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. >>> coming up, it might not be a christmas for you as realtors. forecasters are looking for a grim shopping season. "money time" is coming up next. >>> and then more on the massacre that left 13 dead at the navy yard in washington, d.c. john berman is standing by there live for us. >>> welcome back. 23 minutes past of the hour. it is money time. christine romans is off. here we go. stock futures mostly high this morning following another winning day for the dow industrials. the dow gained points on monday. the nasdaq closed with a loss. so far in september dow gained 684 points and just about wipes occupy the 689 points the dow lost in august. september has traditionally than the most volatile month for the stock market but this year may be an exception. we will see. two-day meeting today by the federal reserve that people have been waiting for with bated breath. they will find out how the fed is pulling back on the billions of dollars popping into the bond market in months. ben bernanke is expected to give a clear decision on tomorrow's meeting.
. >>> coming up, it might not be a christmas for you as realtors. forecasters are looking for a grim shopping season. "money time" is coming up next. >>> and then more on the massacre that left 13 dead at the navy yard in washington, d.c. john berman is standing by there live for us. >>> welcome back. 23 minutes past of the hour. it is money time. christine romans is off. here we go. stock futures mostly high this morning following another winning day for...
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Sep 12, 2013
09/13
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cindy is a realtor with century 21, martinez and associates. so what, cindy, does the las vegas market look like? let's look at some stats. single-family homes in august. median sales price, $182,000, up 30% year over year. almost 32%. the inventory, 14,000 houses on the market there. that's down 15%. sales down a little bit. 4.3% year over year. average days on the market, 78. is the market likely to stay hot, cindy? >> absolutely. 2013 has definitely been the year of recovery for the las vegas housing market, largely due to a reduction in inventory. and available inventory meaning it's not a short sale or some other sort of distress sale. >> let's move on. you've picked some out. they look very interesting. the first one is 6394 west haleh avenue. taxes, $902,000, $160,000, three bedrooms, two baths. 1257 square feet. >> at $160,000, this property exemplifies a starter home here in the valley. it's located in the fastest growing southwest portion near some master plan communities and our newest water park, minutes from mccarron international
cindy is a realtor with century 21, martinez and associates. so what, cindy, does the las vegas market look like? let's look at some stats. single-family homes in august. median sales price, $182,000, up 30% year over year. almost 32%. the inventory, 14,000 houses on the market there. that's down 15%. sales down a little bit. 4.3% year over year. average days on the market, 78. is the market likely to stay hot, cindy? >> absolutely. 2013 has definitely been the year of recovery for the...
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Sep 14, 2013
09/13
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KQED
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there were problems getting realtors to show you homes that you could afford but they had decided you weren't going to live in that neighborhood. >> ifill: you talked to some folks in want southwest who talked about how we didn't cross the border. the border crossed us. talk about that. >> you know, people as prominent as the former senator and secretary of the interior, sanasar, people as well known as eva longoria, their families have been in the united states since long before there was a united states. there are land grant maps from the spanish going back to the 17th century that shows how its first big encounter in that part of the world between the spanish empire and the american indian nations of that part of the world was really a huge, huge struggle that shaped that area, but it was long settled by the time americans-- english-speaking americans-- started to arrival from back east and changed the political calculus in that part of the world. >> ifill: like other immigrants, african americans among them, hispanic americans were patriots. they fought for their country even when
there were problems getting realtors to show you homes that you could afford but they had decided you weren't going to live in that neighborhood. >> ifill: you talked to some folks in want southwest who talked about how we didn't cross the border. the border crossed us. talk about that. >> you know, people as prominent as the former senator and secretary of the interior, sanasar, people as well known as eva longoria, their families have been in the united states since long before...
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Sep 8, 2013
09/13
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KBCW
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. >> reporter: san francisco realtor john scott said what is more, if you like the open airspace over your neighbor's property that allows you that panoramic view, you can own those air rights, too, if you're willing to pay. which apparently is happening in the northwest. >> we were looking at a wall over. there i think it would impact us tremendously. >> reporter: nina and george peterson are two of the seattle property owners who bought their neighbor's home for $600,000. then, they dropped the price and sold it for $500,000 just so they could legally keep the air rights to it and prevent any new owner from building up and blocking their view. >> it's terrible. terrible. if you know about it. but i think people discovered too late. the house is going up. the view is gone. >> the reason they say they're building up in seattle is because they have no more room to spread out. well, san francisco is the same situation. >> reporter: here in san francisco, the view and any expectation of one was an issue with one rincon south tower. imagine if you paid 1 million a half for a condo up ther
. >> reporter: san francisco realtor john scott said what is more, if you like the open airspace over your neighbor's property that allows you that panoramic view, you can own those air rights, too, if you're willing to pay. which apparently is happening in the northwest. >> we were looking at a wall over. there i think it would impact us tremendously. >> reporter: nina and george peterson are two of the seattle property owners who bought their neighbor's home for $600,000....
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Sep 19, 2013
09/13
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FOXNEWSW
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according to the national association of realtors sales of previously owned homes jumped by 1.7% last month to their highest level since february of '07. before the start of the financial crisis. still analysts say rising mortgage rates may be restraining any kind of solid rebound in housing. freddie mac reports this week the average rate on a 30-year fixed loan is up by more than 1 percentage point from may. >>> we're also learning more americans are filing first-time claims for unemployment benefits. but we're still near the lowest levels in nearly six years. a sign that fewer workers are getting pink slips overall. jobless claims up 15,000 last week according to the labor department. but keep in mind, people who are fortunate enough to have a job are actually earning less. a top research firm reports household incomes have dropped by more than 4% since the official end of the recession. four years ago. >>> a mixed day on wall street. one day after the federal reserve announced it would not dial back its efforts to stimulate the economy. that helped the dow soar to a record high yes
according to the national association of realtors sales of previously owned homes jumped by 1.7% last month to their highest level since february of '07. before the start of the financial crisis. still analysts say rising mortgage rates may be restraining any kind of solid rebound in housing. freddie mac reports this week the average rate on a 30-year fixed loan is up by more than 1 percentage point from may. >>> we're also learning more americans are filing first-time claims for...
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Sep 10, 2013
09/13
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CNBC
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what we've seen since january is the national association of realtors measure of affordability has been plummeting. this is a notoriously bad index, because even during the entire housing bubble, it never showed that houses were becoming unaffordable. it said they were less affordable but never breached what the nar says is the affordability level. what it did do and what it's done again, during the last housing bubble, it breached the long-term 20-year trade line. what you see on this chart right here is that we once again have fallen below for three or four months now, the long-term trend line. that's a sign that we may be in a housing bubble. home prices are becoming less affordable because interest rates are going up and home prices are going up. and people's incomes are not rising at that kind of level. so that makes homes less affordable. when you get a lot of months of below trend affordability that's a danger. >> does the crossing of that trend line and the fact that the affordability number is coming down, does that tell you that prices must come down or that prices will stop g
what we've seen since january is the national association of realtors measure of affordability has been plummeting. this is a notoriously bad index, because even during the entire housing bubble, it never showed that houses were becoming unaffordable. it said they were less affordable but never breached what the nar says is the affordability level. what it did do and what it's done again, during the last housing bubble, it breached the long-term 20-year trade line. what you see on this chart...
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Sep 13, 2013
09/13
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KPIX
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. >>> business is booming for realtors in the bay area especially in cities like palo alto where wealthy foreign buyers are snatching up hot properties. >> oh, to be a seller down there right now. kpix 5's len ramirez explains how their high-end house hunting experience comes complete with a luxury limo service. >>> reporter: when it comes to selling real estate in palo alto -- [ non-english language ] >> reporter: -- it now pays to speak chinese. from shanghai to hong kong interest in palo alto's priciest neighborhoods is soaring and that has real estate brokers doubling down on new ways to capitalize. at deleon realty it's all aboard what could be a master marketing stroke mercedes-benz style. >> we are riding in a new limo bus. >> reporter: they invested $100,000 into the luxury bus specifically to drive around and show properties to wealthy foreigners four and five families at a time. >> people who are used to the finer things in life are not going to want to go out in a chief refurbished school bus. >> reporter: they take reservations for weekend selling excursions to weekend neighb
. >>> business is booming for realtors in the bay area especially in cities like palo alto where wealthy foreign buyers are snatching up hot properties. >> oh, to be a seller down there right now. kpix 5's len ramirez explains how their high-end house hunting experience comes complete with a luxury limo service. >>> reporter: when it comes to selling real estate in palo alto -- [ non-english language ] >> reporter: -- it now pays to speak chinese. from shanghai to...
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Sep 19, 2013
09/13
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FBC
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what to make of that when the biggest realtors in the country. connell: we will get to that coming up and warren buffett's tom mann of the industry talking about a continued recovery in housing. it is straight ahead on markets now. don't go away. [ tires screech ] ♪ [ male announcer ] 1.21 gigawatts. today, that's easy. ge is revolutioning power. supercharging turbines with advanced hardware and innovative software. using data predictively to help power entire cities. so the turbines of today... will power us all... into the future. ♪ connell: one of the big economic data points, home sales, 6.5 year high, the new number that came out, august number jumping 2%, look at it month over month, the housing market by that measure shows signs of recovery. the chairman and ceo of home services of america, a division of berkshire hathaway. is this a sign of the we're pulling out in the context of the conversations that the federal reserve yesterday and everything else saying the economy is improving and housing getting better? >> it clearly is. we are
what to make of that when the biggest realtors in the country. connell: we will get to that coming up and warren buffett's tom mann of the industry talking about a continued recovery in housing. it is straight ahead on markets now. don't go away. [ tires screech ] ♪ [ male announcer ] 1.21 gigawatts. today, that's easy. ge is revolutioning power. supercharging turbines with advanced hardware and innovative software. using data predictively to help power entire cities. so the turbines of...
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Sep 1, 2013
09/13
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FOXNEWSW
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started certifying realtors in distressed sales. you want to look for a realtor certified in distressed sales. >> sounds like a lot of inventory. my wife and i are looking for a home for over a year. so few homes for us. when we do make an offer a cash buyer or investing sweeps in and gets the house. do you have any suggestion what they can do there? somebody has a boatload of cash they can blow you out of the water. >> inventory is down by over 16% from last year. the good news inventory moving up, normal six months, a little over five months of inventory. so folks who are looking for a home need to go where the investors are not. investors don't like a lot of work. so if you can do some work on a home, that's a great opportunity. investors don't put a lot of elbow grease into expired listings. sometimes folks had their home listed a year ago, prices too high but values up now. there's a good opportunity. don't hesitate to take advantage of the opportunity. >> sometimes you can beat house flippers. >>> here is another one for you.
started certifying realtors in distressed sales. you want to look for a realtor certified in distressed sales. >> sounds like a lot of inventory. my wife and i are looking for a home for over a year. so few homes for us. when we do make an offer a cash buyer or investing sweeps in and gets the house. do you have any suggestion what they can do there? somebody has a boatload of cash they can blow you out of the water. >> inventory is down by over 16% from last year. the good news...
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Sep 26, 2013
09/13
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CNBC
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the realtors are still expecting for an 11% increase in total sales for 2013 but they're saying they do not expect home sales to move at all in 2014. back to you, simon. >> thank you very much, diana. in the meantime, we're just four days away from a potential government shutdown. speaker of the house john boehner is about to give us his analysis of what will happen in the house. let's bring in our own john harwood. what are we expecting boehner to say? >> what we're expecting, simon, is he's going to come out from a meeting with republican members and talk about what the republicans are going to ask of democrats and the obama administration in return for raising the debt limit. remember the house has already passed a bill to extend government funding. they included the defund obama care provision, said it's going to strip that out. it appears that republicans, though they may add another condition to that bill, are mostly moving their attention to the debt limit, which treasury secretary lew told us yesterday we would hit on october the 17th. so the debt limit has to be increased by
the realtors are still expecting for an 11% increase in total sales for 2013 but they're saying they do not expect home sales to move at all in 2014. back to you, simon. >> thank you very much, diana. in the meantime, we're just four days away from a potential government shutdown. speaker of the house john boehner is about to give us his analysis of what will happen in the house. let's bring in our own john harwood. what are we expecting boehner to say? >> what we're expecting,...
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Sep 23, 2013
09/13
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CSPAN2
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you said you were a realtor, correct? if i understand the realtor's job, you bring the customer and that is thinking of buying a home, find out what kind of home they want, look at the listings, show them the listing may be a photograph, correct? you sold a home to somebody -- >> i sold many homes to the first-time home buyers. >> what about somebody that never walked into the home? did you get to look at all of the rooms? i think they are in slabs a lot of them. before a person buys a home and they get to walk in and go into each room and test the appliances -- >> if i could add i would never sell a home to someone that didn't know what they were bargaining for because frankly that is one of the single largest investments in their life, their personhood, their entire family and doing so is reckless and inappropriate. >> before they buy that home, you give them the documents -- you go over the purchase agreement and tell them what they are getting and what they are not getting, correct? >> that is absolutely correct as we
you said you were a realtor, correct? if i understand the realtor's job, you bring the customer and that is thinking of buying a home, find out what kind of home they want, look at the listings, show them the listing may be a photograph, correct? you sold a home to somebody -- >> i sold many homes to the first-time home buyers. >> what about somebody that never walked into the home? did you get to look at all of the rooms? i think they are in slabs a lot of them. before a person...
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Sep 27, 2013
09/13
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WBAL
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. >> reporter: the 25-year-old realtor earns money on commission meaning irregular deposits and unpredictable balance. when that lead to extra fees he made the switch. hi account won't be that way for long. they're adding a $7 charge unless he maintains a certain balance, uses direct deposit or never talks to a teller. human interaction now comes with a twice. for some banks it's the human interaction that will cost you and for other it's the digital. they pay for a mobile check deposit. >> any time they send you a new notice or fee structure with your monthly statement it's important to read that over because chances are something is changing. >> at wells fargo, even getting a paper statement in your mailbox comes at a cost. wallet hub estimated in all an average checking account these days have as many as 30 fees built in. banks will make as many as $41 billion in customer fees this year. >> there's extra fees that keep popping up and are a risk for all of us. >> they're trying out the fees to see if customers will accept them. >> banks say they will. regions bank says the response to it's
. >> reporter: the 25-year-old realtor earns money on commission meaning irregular deposits and unpredictable balance. when that lead to extra fees he made the switch. hi account won't be that way for long. they're adding a $7 charge unless he maintains a certain balance, uses direct deposit or never talks to a teller. human interaction now comes with a twice. for some banks it's the human interaction that will cost you and for other it's the digital. they pay for a mobile check deposit....
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Sep 13, 2013
09/13
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CSPAN2
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would say is we have been in close touch with both larger and smaller institutions and lenders but also realtors and homebuilders and appraisers and everyone else has a stake in this market over the course of this year. most of the institutions have told us that they will be in compliance and they have had concerns about it and they have been nervous about it. they have been looking for questions to be answered and certain relief to be given on operational issues. i think for the most part they have said they will be in substantial compliance by january 10. with a smaller institutions it includes special provisions and i alluded to them a moment ago that sometimes a smaller banks and credit unions don't seem to be yet aware of so it is incumbent on us and i'll be happy to work with all of you to get that message out. some of them are worried about the qm rule and i had this come up in north carolina yesterday and had a come up with oklahoma bankers last week. it covers the vast majority of community banks. anything they make and keep in a portfolio which is what many of them do which means that
would say is we have been in close touch with both larger and smaller institutions and lenders but also realtors and homebuilders and appraisers and everyone else has a stake in this market over the course of this year. most of the institutions have told us that they will be in compliance and they have had concerns about it and they have been nervous about it. they have been looking for questions to be answered and certain relief to be given on operational issues. i think for the most part they...
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Sep 5, 2013
09/13
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CNBC
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i spoke to five realtors in the last to weeks and they are doing well. i spoke to a rel or last week who had five bids on the same home and it was a jumbo mortgages. >> people don't stop buying houses. they end up buying smaller houses to accommodate for the higher mortgage rate. >> we'll follow it. dan, scott, thank you for your time this morning. if you want to read up more again on jumbo rates, it's on the front page of the journal today. >>> samsung unveiled galaxy gear smart watch. it works as an accessory to the smartphone. small screen offers photos, well, i think it's a camera, hands-free calls and instant messages. some question whether it's too costly. priced just about $300. qualcomm is getting in on the game with its talk smart watch which can play music and handle phone messages. i would have talk the talk would have been more appropriate for you because you probably don't have the galaxy which the samsung relies sglon also, i like to talk. there's that which led me to my current career, by the way. the reality is if it's linked to your phon
i spoke to five realtors in the last to weeks and they are doing well. i spoke to a rel or last week who had five bids on the same home and it was a jumbo mortgages. >> people don't stop buying houses. they end up buying smaller houses to accommodate for the higher mortgage rate. >> we'll follow it. dan, scott, thank you for your time this morning. if you want to read up more again on jumbo rates, it's on the front page of the journal today. >>> samsung unveiled galaxy gear...
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Sep 14, 2013
09/13
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CSPAN
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eye 78
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on the other side, there is a minority of republicans and the home builders and realtors and others saying that you need to do something. you have the proposal that says somebody should be able to sell a lender who is a 30 year fixed rate mortgage a guarantee against interest rate fluctuation, a hedge, which should not be a bad word in general priced to breakeven. my own view is the flipside of banning the bad mortgages which we did is to put more money into rental housing. we should get poor people into rental housing and not homeownership. there are two conflicting views. one is to build a house and get the government out of the business. the alternative is getting some kind of guarantee again to -- against interest rate fluctuation. >> the problem is, and it's one of the reasons it went worldwide, other places that used to rent got into buying and picked up some of these securities. when you take a social desire like everybody should go to college and you create a system in which everyone should go to college and therefore everyone gets to go to college, and you then say what good is it
on the other side, there is a minority of republicans and the home builders and realtors and others saying that you need to do something. you have the proposal that says somebody should be able to sell a lender who is a 30 year fixed rate mortgage a guarantee against interest rate fluctuation, a hedge, which should not be a bad word in general priced to breakeven. my own view is the flipside of banning the bad mortgages which we did is to put more money into rental housing. we should get poor...
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Sep 23, 2013
09/13
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KTVU
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realtors say more bay area workers want to buy and that's pushing would-be buyers into bidding wars for the best properties. >>> starting this afternoon, casual carpoolers in san francisco will have a new pickup location. the current location is at beal street north of folsom. at 3:00 that will change to the west side of spear street between howard and folsom, the change in location is because of construction work at the transbey terminal. this stecket exd -- this is expected to last for the next 18 months. >>> "breaking bad" won top honors and the prime time emmy awards. >> the emmy goes to "breaking bad." [ cheers ] >> anna gunn won for her work on the show. clair danes and jeff daniels won emmys in "homeland" and "the newsroom." netflix won as well. it was honored for best directing and won two creative arts emmys for casting and cinematography. starting tonight, you can catch "modern family" right here on channel 2. it will be airing weeknights at 6:30 right after the news at 6:00. >>> a blockbuster or a flop. how many iphones were sold over the weekend and new security, not so secu
realtors say more bay area workers want to buy and that's pushing would-be buyers into bidding wars for the best properties. >>> starting this afternoon, casual carpoolers in san francisco will have a new pickup location. the current location is at beal street north of folsom. at 3:00 that will change to the west side of spear street between howard and folsom, the change in location is because of construction work at the transbey terminal. this stecket exd -- this is expected to last...
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Sep 11, 2013
09/13
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KTVU
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the idea has critics including the national association of real teres and several -- real realers -- realtors. a he arive who is hoping homeowners facing foreclosure told me this morning this vote by the richmond city council is a huge victory. alex savidge, ktvu channel 2 news. >> thank you. >>> 8:07. there's a new effort to find the killers of a man in berkeley on this third anniversary of his death. two gunman shot him as he walked home with his fiance near adeline and emmerson. it happened blocks from their home near the ashby b.a.r.t. station. so far there's only a vague description of the two gunmen. a $20,000 reward is being offered for information leading to an arrest. >>> a woman seen on video as she apparently abused three dogs in san jose has been arrested. ktvu first brought you this story monday night after a bystander recordrd the woman yanking and kicking three dogs. she was walking in south san jose. animal control told ktvu the woman was arrested at a homeless encampment on capitol expressway. >>> a pleasanton mcdonald's manager has been arrested accused of robbing his own re
the idea has critics including the national association of real teres and several -- real realers -- realtors. a he arive who is hoping homeowners facing foreclosure told me this morning this vote by the richmond city council is a huge victory. alex savidge, ktvu channel 2 news. >> thank you. >>> 8:07. there's a new effort to find the killers of a man in berkeley on this third anniversary of his death. two gunman shot him as he walked home with his fiance near adeline and...
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Sep 19, 2013
09/13
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CSPAN
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the national association of realtors existing home sales for august, and freddie mac will mortgage rates. some of the list of headlines on c-span radio. >> "washington journal" continues. >> congressman jim mcgovern, democrat, massachusetts, second ranking democrat on the rules committee. a big meeting yesterday. what happened? guest: we met on a bunch of things, including the new chief -- the nutrition bill and the continuing resolution. there is a lot happening in washington, but unfortunately not a lot of it is good. i worry very much that some of the cutbacks that the republican leadership has proposed will .urt the most vulnerable i believe that if government stands for anything, we need to stand for those struggling, who are vulnerable, who need our help. donald trump does not need government. some poor person who lost their job who is trying to put food on their table does. the rules committee met, along meeting, and today -- a long meeting, and today we will debate the rules and we will debate majority leader eric cantor's nutrition bill, which will do a lot of harm to people in
the national association of realtors existing home sales for august, and freddie mac will mortgage rates. some of the list of headlines on c-span radio. >> "washington journal" continues. >> congressman jim mcgovern, democrat, massachusetts, second ranking democrat on the rules committee. a big meeting yesterday. what happened? guest: we met on a bunch of things, including the new chief -- the nutrition bill and the continuing resolution. there is a lot happening in...
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Sep 13, 2013
09/13
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CSPAN
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on the other side, there is a minority of republicans and the home builders and realtors and others saying that you need to do something. proposal that says to sell should be able a lender who is a 30 year fixed rate mortgage a guarantee against interest rate fluctuation, a hedge, which should not be a bad word in general priced to breakeven. view is the flipside of banning the bad mortgages which we did is to put more money into rental housing. we should get poor people into rental housing and not homeownership. there are two conflicting views. and geto build a house the government out of the business. is getting some kind of guarantee again to -- against interest rate fluctuation. >> the problem is, and it's one of the reasons it went worldwide, other places that used to rent got into buying and picked up some of these securities. when you take a social desire like everybody should go to college and you create a system in which everyone should go to college and therefore everyone gets to go to college, and you then say what good is it to go to college? if you start out believing everyone
on the other side, there is a minority of republicans and the home builders and realtors and others saying that you need to do something. proposal that says to sell should be able a lender who is a 30 year fixed rate mortgage a guarantee against interest rate fluctuation, a hedge, which should not be a bad word in general priced to breakeven. view is the flipside of banning the bad mortgages which we did is to put more money into rental housing. we should get poor people into rental housing and...
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827
Sep 12, 2013
09/13
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FOXNEWSW
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so if you can't find it, ask your realtor who did the short sale, they'll probably have it as part of their file. >> heather: you'll have to go about collecting a lot of documentation and fight it out. this is obviously a very serious issue because then people couldn't get mortgages for years and years as a result of foreclosure being on their credit report, even though it's erroneous. also can affect someone's ability to get a job, too, because that affects their credit report and all these companies going through background checks. we have to leave it there. >> okay. >> heather: thanks a lot. >> take care. >> heather: tired of getting taxed to the max? governor rick perry has a message for you. >> when you grow tired of maryland taxes squeezing every dime out of your business, think texas. >> heather: the governor here next with his plan to create jobs. you know what? it is working. >>> and it is a big thing for the miss america pageant. miss kansas showing off not one, but two tattoos. she doesn't want to cover them up. you're going to like her answer so what can i get you? we'll t
so if you can't find it, ask your realtor who did the short sale, they'll probably have it as part of their file. >> heather: you'll have to go about collecting a lot of documentation and fight it out. this is obviously a very serious issue because then people couldn't get mortgages for years and years as a result of foreclosure being on their credit report, even though it's erroneous. also can affect someone's ability to get a job, too, because that affects their credit report and all...
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Sep 15, 2013
09/13
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FOXNEWSW
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he's a realtor and founder of stop investor greed. good morning to you. this is something that you are adamantly against. here's basically the situation. i don't want to get too complicated and have everybody's eyes glaze over but basically the city tried to buy these mortgages from the mortgage holders, the banks. the banks said no and now the city council has voted and approved for basically eminent domain to be used to seize the mortgages from the bank. >> well, actually, what the city council approved was to establish a joint powers agreement and to also continue moving forward on the tract that they're moving. there are a number of questions that have arisen relative to whether or not their advisory services company, mortgage revolution partners, has the wherewithal to provide the level of insurance and indemnification the city requires. >> let me stop you for one moment. it's easy to get into the weeds when it comes to talking about homes, mortgages and all of that. what the city is going to be doing is seizing these mortgages from the banks, from t
he's a realtor and founder of stop investor greed. good morning to you. this is something that you are adamantly against. here's basically the situation. i don't want to get too complicated and have everybody's eyes glaze over but basically the city tried to buy these mortgages from the mortgage holders, the banks. the banks said no and now the city council has voted and approved for basically eminent domain to be used to seize the mortgages from the bank. >> well, actually, what the city...
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Sep 22, 2013
09/13
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FOXNEWSW
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in large part we saw home sales grow in august because of what the national association of realtors is referring to as a temporary peak. it's because we've seen a drastic rise in mortgage rates since may. we've seen the 30 year fixed mortgage jump by more than an entire percentage point in may. that has propelled a lot of potential home buyers to come off the sidelines and lock into rates before they get higher. >> now's definitely the time for sure. but is this also a sign that lenders are loosening up credit? i know that ordinary people were having a tough time getting, say, a 30-year fixed rate loan. >> this is still an issue. we still see tight credit. still a big issue. probably more so moving forward than rates even especially in light of the fact that the federal reserve came out this week and said that they would keep up their $85 billion per month bond buying program. a fact that will probably keep rates at about where they are, keep them from growing at the drastic rates we've seen. tight credit is an issue. another thing weighing on home sales and will be moving forward is t
in large part we saw home sales grow in august because of what the national association of realtors is referring to as a temporary peak. it's because we've seen a drastic rise in mortgage rates since may. we've seen the 30 year fixed mortgage jump by more than an entire percentage point in may. that has propelled a lot of potential home buyers to come off the sidelines and lock into rates before they get higher. >> now's definitely the time for sure. but is this also a sign that lenders...